Advisors Asset Management Inc. Buys 1,744 Shares of SAP SE (NYSE:SAP)

Advisors Asset Management Inc. increased its holdings in SAP SE (NYSE:SAP) by 23.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,208 shares of the software maker’s stock after acquiring an additional 1,744 shares during the quarter. Advisors Asset Management Inc.’s holdings in SAP were worth $1,796,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Capital International Investors boosted its position in SAP by 8.1% during the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock valued at $1,537,251,000 after purchasing an additional 746,386 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in SAP by 2.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,086,658 shares of the software maker’s stock worth $167,987,000 after buying an additional 26,031 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of SAP by 21.2% during the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after acquiring an additional 108,729 shares in the last quarter. Natixis Advisors L.P. raised its holdings in shares of SAP by 8.3% in the fourth quarter. Natixis Advisors L.P. now owns 404,730 shares of the software maker’s stock worth $62,566,000 after buying an additional 31,135 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of SAP during the first quarter worth $58,936,000.

SAP Price Performance

Shares of NYSE SAP opened at $213.45 on Friday. SAP SE has a 52 week low of $126.75 and a 52 week high of $214.94. The firm has a 50-day simple moving average of $196.57 and a 200-day simple moving average of $187.53. The company has a current ratio of 1.12, a quick ratio of 1.25 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts predict that SAP SE will post 4.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SAP. TD Cowen lifted their price target on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. StockNews.com downgraded SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Barclays reduced their price objective on SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. JMP Securities boosted their target price on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 23rd. Finally, Sanford C. Bernstein assumed coverage on SAP in a research report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $225.17.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.